Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Communities
• Governance
• Employees

Environmental Achievements

• More efficient lighting implemented in Swanton Care and Habitus.
• Focus on energy efficiency when replacing equipment in Swanton Care and Habitus.
• Issuance of best practice energy/water usage guides in Swanton Care and Habitus.
• Engagement of an energy broker to procure renewable energy in Swanton Care and Habitus.
• Centralisation of waste management, with more waste recycled or sent for incineration to generate energy in Swanton Care and Habitus.
• Use of electric/hybrid vehicles in the corporate fleet.
• Purchase of carbon offsets to offset emissions (also done by Apposite).

Social Achievements

• Almost all portfolio companies introduced formal mechanisms for obtaining staff feedback.
• 92% rating from Swanton staff that it is a great place to work.
• Average staff turnover across the portfolio is around 1.8% per month.
• 64% of staff across the portfolio are female.
• Similar proportion of women in management roles.
• Apposite established a diversity and inclusion committee, resulting in various initiatives and unconscious bias training for all Apposite staff.
• Portfolio companies supported the creation of approximately 1,100 jobs since inception.
• Most portfolio companies have corporate citizenship programs, supporting charitable causes and offering staff volunteer time.
• Several companies provide pro bono services.
• Apposite committed 2% of carry payable in respect of Fund III to a foundation to support healthcare charities.
• All companies encouraged to implement supplier engagement programs for sustainability.

Governance Achievements

• Worked to ensure adequate independence of boards/committees and appropriate risk management policies and procedures are in place for all portfolio companies.
• All portfolio companies nominated impact/ESG champions.
• 60% of members of portfolio company boards are independent.

Climate Goals & Targets

Environmental Challenges

• Insufficient high-quality data to know the impact of some portfolio companies' activities (evidence risk).
• External factors disrupting the ability to deliver impact (external risk, e.g., manufacturing delays, regulatory changes).
• Stakeholder participation risk (difficulty eliciting feedback from individuals with severe learning difficulties).
• Risk of adverse events in social care settings, mitigated by focus on quality and care planning.
• Drop-off risk (patients not following treatment plans), mitigated by processes and procedures to minimize dropouts.
• Execution risk (failure to acquire new products or become financially unviable to offer significant cost reductions).
• External risk (dependence on dental practices' appetite and NHS funding for additional capacity).

Mitigation Strategies

• Regular customer interactions and data quality audits.
• Regular customer surveys to understand product contribution to research.
• Fundamental focus on understanding the scientific landscape.
• Introduction of friends and family surveys.
• Focus on quality and care planning on a resident-by-resident basis.
• Development of outcome measures and goals to engage patients.
• Growth plan as a core strategic focus.
• Focus of senior management core to Riverdale's growth strategy.

Supply Chain Management

Responsible Procurement

• Encouraging portfolio companies to put in place supplier engagement programs

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Theory of Change, Impact Frontiers “5 Dimensions of Impact”